Neuberger Berman Group LLC Increases Holdings in Antero Midstream Co. (NYSE:AM)

Neuberger Berman Group LLC boosted its holdings in shares of Antero Midstream Co. (NYSE:AMGet Rating) by 17.9% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,559,923 shares of the pipeline company’s stock after purchasing an additional 692,141 shares during the period. Neuberger Berman Group LLC’s holdings in Antero Midstream were worth $49,566,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of AM. Qube Research & Technologies Ltd grew its holdings in shares of Antero Midstream by 344.6% during the 1st quarter. Qube Research & Technologies Ltd now owns 356,888 shares of the pipeline company’s stock worth $3,879,000 after acquiring an additional 276,612 shares during the period. Mutual of America Capital Management LLC grew its holdings in shares of Antero Midstream by 2.0% during the 1st quarter. Mutual of America Capital Management LLC now owns 296,118 shares of the pipeline company’s stock worth $3,219,000 after acquiring an additional 5,681 shares during the period. Treasurer of the State of North Carolina grew its holdings in shares of Antero Midstream by 1.6% during the 1st quarter. Treasurer of the State of North Carolina now owns 123,149 shares of the pipeline company’s stock worth $1,339,000 after acquiring an additional 1,950 shares during the period. Eagle Global Advisors LLC grew its holdings in shares of Antero Midstream by 80.2% during the 1st quarter. Eagle Global Advisors LLC now owns 260,630 shares of the pipeline company’s stock worth $2,833,000 after acquiring an additional 116,000 shares during the period. Finally, Mackenzie Financial Corp grew its holdings in shares of Antero Midstream by 3.7% during the 4th quarter. Mackenzie Financial Corp now owns 301,627 shares of the pipeline company’s stock worth $2,920,000 after acquiring an additional 10,874 shares during the period. Hedge funds and other institutional investors own 52.63% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have weighed in on AM. TheStreet downgraded Antero Midstream from a “b-” rating to a “c” rating in a report on Wednesday, July 27th. Barclays dropped their price target on Antero Midstream from $10.00 to $9.00 and set an “underweight” rating on the stock in a research report on Wednesday, July 20th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $11.00.

Antero Midstream Stock Performance

Shares of AM opened at $10.07 on Monday. The company has a quick ratio of 0.62, a current ratio of 0.62 and a debt-to-equity ratio of 1.42. The business’s 50 day moving average price is $10.01 and its 200-day moving average price is $10.22. Antero Midstream Co. has a 52 week low of $8.56 and a 52 week high of $11.71. The stock has a market cap of $4.82 billion, a P/E ratio of 14.59 and a beta of 2.56.

Antero Midstream (NYSE:AMGet Rating) last issued its quarterly earnings results on Wednesday, July 27th. The pipeline company reported $0.19 EPS for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.01). Antero Midstream had a return on equity of 17.01% and a net margin of 36.84%. The company had revenue of $228.91 million during the quarter, compared to the consensus estimate of $238.28 million. During the same period in the prior year, the firm earned $0.23 earnings per share. The business’s revenue for the quarter was down 1.7% compared to the same quarter last year. Equities research analysts anticipate that Antero Midstream Co. will post 0.76 earnings per share for the current fiscal year.

Antero Midstream Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, August 10th. Investors of record on Wednesday, July 27th were given a $0.225 dividend. The ex-dividend date of this dividend was Tuesday, July 26th. This represents a $0.90 annualized dividend and a yield of 8.94%. Antero Midstream’s dividend payout ratio (DPR) is presently 130.44%.

Antero Midstream Profile

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Antero Midstream Corporation owns, operates, and develops midstream energy infrastructure. It operates through Gathering and Processing, and Water Handling segments. The Gathering and Processing segment includes a network of gathering pipelines and compressor stations that collects and processes production from Antero Resources' wells in West Virginia and Ohio.

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Institutional Ownership by Quarter for Antero Midstream (NYSE:AM)

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